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Quorum Announces Q3 2023 Results

Quorum Announces Q3 2023 Results

Quorum 公佈 2023 年第三季度業績
GlobeNewswire ·  2023/11/30 06:00

Revenue at $10.4M, Adjusted EBITDA1 at $2.0M

收入爲1040萬美元,調整後的 EBITDA1 收入爲200萬美元

CALGARY, Alberta, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Quorum Information Technologies Inc. (TSX-V: QIS) (OTC Pink: QIFTF) ("Quorum"), a North American SaaS Software and Services company providing essential enterprise solutions that automotive dealerships and Original Equipment Manufacturers ("OEMs") rely on for their operations, released its results today for the third quarter of 2023, ended September 30, 2023. Financial references are expressed in Canadian dollars unless otherwise indicated. Please refer to the MD&A and Financial Statements posted onto SEDAR related to non-IFRS measures and risk factors.

艾伯塔省卡爾加里,2023年11月29日(GLOBE NEWSWIRE)——北美SaaS軟件和服務公司Quorum Information Technologies Inc.(多倫多證券交易所股票代碼:QIFTF)(“Quorum”)(“Quorum”)今天發佈了截至9月的2023年第三季度業績 2023 年 30 日。除非另有說明,否則財務參考文獻以加元表示。請參閱SEDAR上發佈的與非國際財務報告準則指標和風險因素相關的MD&A和財務報表。

"We continued to focus on profitable growth in Q3 and as a result our Adjusted EBITDA is up 15% to $2.0 million and Adjusted Cash Income ("ACI")2 is up 13% to $1.3 million," stated Maury Marks, President and CEO. "Although we continue to deal with the dynamic macro environment, our more efficient sales strategy that prioritizes cross selling continues to drive growth and cost savings. That strategy, combined with our BDC gross margin expansion and a continued focus on company-wide cost savings, produced record Adjusted EBITDA and ACI margins for the quarter."

“我們在第三季度繼續專注於盈利增長,因此,我們的調整後息稅折舊攤銷前利潤增長了15%,達到200萬美元,調整後現金收入(“ACI”)2 上漲13%,達到130萬美元。” 總裁兼首席執行官莫里·馬克斯說。“儘管我們繼續應對動態的宏觀環境,但我們優先考慮交叉銷售的更有效的銷售策略繼續推動增長和成本節約。該戰略,加上我們的BDC毛利率擴張以及對全公司成本節約的持續關注,使本季度調整後的息稅折舊攤銷前利潤率和ACI利潤率創歷史新高。”

"Through a combination of purposeful product investment and strategic acquisitions, Quorum now has a uniquely integrated product suite of 13 essential software solutions and services that we can sell to dealers to drive their business," stated Mr. Marks. "I would also like to sincerely thank our employees who are the driving force behind our positive Q3 2023 results; their continued innovation ensures Quorum has a product suite prepared for the future of automotive."

馬克斯說:“通過有針對性的產品投資和戰略收購相結合,Quorum現在擁有由13種基本軟件解決方案和服務組成的獨特集成產品套件,我們可以將其出售給經銷商以推動他們的業務。”“我還要衷心感謝我們的員工,他們是我們 2023 年第三季度積極業績背後的推動力;他們的持續創新確保了 Quorum 擁有一套爲汽車行業的未來做好準備的產品套件。”

Consolidated Results for Q3 2023 and Year-to-Date

2023 年第三季度及年初至今的合併業績

Q3 2023 %Change Q3 2022
YTD 2023
% Change
YTD 2022
Total Revenue $10,400,269 6% $9,854,062 $30,342,596 5% $28,952,623
SaaS Revenue $7,073,830 1% $7,013,373 $21,173,482 3% $20,635,150
BDC Revenue $2,762,660 6% $2,595,945 $8,292,353 7% $7,775,231
Recurring Revenue $9,836,490 2% $9,609,318 $29,465,835 4% $28,410,381
Gross Margin $4,917,990 1% $4,857,845 $14,417,865 3% $13,980,521
Gross Margin % 47% 49% 48% 48%
Loss per Share $(0.004) $(0.005) $(0.005) $(0.017)
Net Loss $(317,461) 19% $(393,095) $(381,277) 69% $(1,246,452)
Adjusted EBITDA $1,964,211 15% $1,703,420 $4,952,251 24% $4,005,741
Adjusted EBITDA Margin 19% 17% 16% 14%
Adjusted Cash Income $1,276,337 13% $1,129,768 $2,898,770 45% $2,000,660
2023 年第三季度 %更改 2022 年第三季度
年初至今
% 變化
年初至今 202
總收入 10,400,269 美元 6% 9,854,062 美元 30,342,596 美元 5% 28,952,623 美元
SaaS 收入 7,073,830 美元 1% 7,013,373 美元 21,173,482 美元 3% 20,635,150 美元
BDC 收入 2,762,660 美元 6% 2,595,945 美元 8,292,353 美元 7% 7,775,231 美元
經常性收入 9,836,490 美元 2% 9,609,318 美元 29,465,835 美元 4% 28,410,381 美元
毛利率 4,917,990 美元 1% 4,857,845 美元 14,417,865 美元 3% 13,980,521 美元
毛利率% 47% 49% 48% 48%
每股虧損 $ (0.004) $ (0.005) $ (0.005) $ (0.017)
淨虧損 $ (317,461) 19% $ (393,095) $ (381,277) 69% $ (1,246,452)
調整後 EBITDA 1,964,211 美元 15% 1,703,420 美元 4,952,251 美元 24% 4,005,741 美元
調整後的息稅折舊攤銷前利潤率 19% 17% 16% 14%
調整後的現金收入 1,276,337 美元 13% 1,129,768 美元 2,898,770 美元 45% 2,000,660 美元

Third Quarter Results

第三季度業績

  • Adjusted EBITDA margin was 19% for Q3 2023 as compared to 17% for Q3 2022.
  • Adjusted Cash Income increased by 13% to $1.3 million, as compared to $1.1 million Q3 2022.
  • Total revenue increased by 6% to $10.4 million in Q3 2023 compared to $9.9 million in Q3 2022.
  • Recurring SaaS revenue increased by 1% to $7.1 million in Q3 2023 compared to $7.0 million in Q3 2022.
  • Recurring BDC services revenue increased by 6% to $2.8 million in Q3 2023 compared to $2.6 million in Q3 2022.
  • Gross margin of $4.9 million and 47% of total revenue in Q3 2023 compared to $4.9 million and 49% of total revenue for Q3 2022. Gross margin increased by 1% as compared to Q3 2022.
  • 2023年第三季度調整後的息稅折舊攤銷前利潤率爲19%,而2022年第三季度爲17%。
  • 調整後的現金收入增長了13%,達到130萬美元,而2022年第三季度爲110萬美元。
  • 2023年第三季度的總收入增長了6%,達到1,040萬美元,而2022年第三季度爲990萬美元。
  • SaaS的經常性收入在2023年第三季度增長了1%,達到710萬美元,而2022年第三季度爲700萬美元。
  • 2023年第三季度的經常性BDC服務收入增長了6%,達到280萬美元,而2022年第三季度爲260萬美元。
  • 2023年第三季度的毛利率爲490萬美元,佔總收入的47%,而2022年第三季度爲490萬美元,佔總收入的49%。與2022年第三季度相比,毛利率增長了1%。

SaaS-based operational Key Performance Indicators ("KPIs") are as follows:

基於 SaaS 的運營關鍵績效指標(“KPI”)如下:

Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023
Dealer Rooftop Count - Canada 1,350 1,322 1,315 1,305 1,303
Dealer Rooftop Count - US 114 118 118 120 125
Dealer Rooftop Count - Total 1,464 1,440 1,433 1,425 1,428
MRRPU $1,597 $1,626 $1,634 $1,655 $1,651
*Monthly recurring revenue per unit ("MRRPU") implies that, as of the end of Q3 2023, each dealership ("Dealer Rooftop") represents approximately $19.8K of SaaS annual recurring revenue ("ARR").
2022 年第三季度 2022 年第四季度 2023年第一季度 2023 年第二季度 2023 年第三季度
經銷商屋頂數-加拿大 1,350 1,322 1,315 1,305 1,303
經銷商屋頂人數-美國 114 118 118 120 125
經銷商屋頂數量-總計 1,464 1,440 1,433 1,425 1,428
MRRPU 1,597 美元 1,626 美元 1,634 美元 1,655 美元 1,651 美元
*每月每單位經常性收入(“MRRPU”)意味着,截至2023年第三季度末,每家經銷商(“經銷商屋頂”)約佔SaaS年度經常性收入(“ARR”)的19.8萬美元。

Quorum Q3 2023 Results Conference Call Details and Investor Presentation

Quorum 2023 年第三季度業績電話會議詳情和投資者簡報

Maury Marks, President and Chief Executive Officer and Marilyn Bown, Chief Financial Officer will present the Q3 2023 Results at a conference call with concurrent audio webcast, scheduled for:

總裁兼首席執行官莫里·馬克斯和首席財務官瑪麗蓮·鮑恩將在電話會議上通過並行音頻網絡直播介紹2023年第三季度業績,計劃於:

Date: Thursday, November 30th, 2023
Time: 11:00 am MT (1:00 pm ET)
Dial-In #: Toll-Free North America: 1 (888) 660-6411
Conference ID: 2512218
Webcast Link: Quorum Q3 2023 Results Conference Call (Webcast)
日期: 11 月 30 日,星期四第四,2023
時間: 美國東部時間上午 11:00(美國東部時間下午 1:00)
撥入 #: 北美免費電話:1 (888) 660-6411
會議編號: 2512218
網絡直播鏈接: 2023 年第三季度法定人數業績電話會議(網絡直播)

An updated Investor Presentation, replay of the results conference call, and transcripts of the conference call, will also be available at .

最新的投資者簡報、業績電話會議重播以及電話會議記錄也將在以下網址公佈 。

About Quorum Information Technologies Inc.

關於 Quorum 信息技術公司

Quorum is a North American SaaS Software and Services company providing essential enterprise solutions that automotive dealerships and Original Equipment Manufacturers ("OEMs") rely on for their operations, including:

法定人數 是一家北美 SaaS 軟件和服務公司,提供汽車經銷商和原始設備製造商(“OEM”)賴以開展運營的基本企業解決方案,包括:

  • Quorum's Dealership Management System (DMS), which automates, integrates, and streamlines key processes across departments in a dealership, and emphasizes revenue generation and customer satisfaction.
  • DealerMine CRM, a sales and service Customer Relationship Management ("CRM") system and set of Business Development Centre services that drives revenue into the critical sales and service departments in a dealership.
  • Autovance, a modern retailing platform that helps dealerships attract more business through Digital Retailing, improve in-store profits and closing rates through its desking tool and maximize their efficiency and CSI through Autovance's F&I menu solution.
  • Accessible Accessories, a digital retailing platform that allows franchised dealerships to efficiently increase their vehicle accessories revenue.
  • VINN Automotive, a premier automotive marketplace that streamlines the vehicle research and purchase process for vehicle shoppers while helping retailers sell more efficiently.
  • Quorum 的經銷商管理系統 (DMS),它可以自動化、整合和簡化經銷商中跨部門的關鍵流程,並強調創收和客戶滿意度。
  • DealerMine CR,一個銷售和服務客戶關係管理(“CRM”)系統和一套業務發展中心服務,可將收入帶入經銷商的關鍵銷售和服務部門。
  • Autovance,一個現代零售平台,通過數字零售幫助經銷商吸引更多業務,通過其辦公桌工具提高店內利潤和成交率,並通過Autovance的F&I菜單解決方案最大限度地提高效率和CSI。
  • 無障礙配件, 一個數字零售平台,允許特許經銷商有效地增加其汽車配件收入。
  • VINN 汽車,一個首屈一指的汽車市場,它簡化了購車者的車輛研究和購買流程,同時幫助零售商提高了銷售效率。

Quorum Information Technologies Inc. is traded on the TSX Venture Exchange ("TSX-V") under the symbol QIS. For additional investor information, please visit .

Quorum Information Technologies Inc. 在多倫多證券交易所風險交易所(“TSX-V”)上市,股票代碼爲QIS。如需了解更多投資者信息,請訪問。

Contacts:

聯繫人:

Maury Marks
President and Chief Executive Officer
403-777-0036
Maury.Marks@QuorumInfoTech.com

莫里·馬克斯
總裁兼首席執行官
403-777-0036
Maury.Marks@QuorumInfoTech.com

Marilyn Bown
Chief Financial Officer
403-777-0036
Marilyn.Bown@QuorumInfoTech.com

瑪麗蓮·布朗
首席財務官
403-777-0036
Marilyn.Bown@QuorumInfoTech.com

Forward-Looking Information

前瞻性信息

This press release may contain certain forward-looking statements and forward-looking information ("forward-looking information") within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate", "expect", "may", "will", "project", "should" or similar words suggesting future outcomes. Quorum believes the expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon.

本新聞稿可能包含適用的加拿大證券法所指的某些前瞻性陳述和前瞻性信息(“前瞻性信息”)。前瞻性信息通常通過使用 “預期”、“相信”、“計劃”、“打算”、“目標”、“持續”、“持續”、“估計”、“預期”、“可能”、“將”、“項目”、“應該” 或暗示未來結果的類似詞語來識別。Quorum認爲,此類前瞻性信息中反映的預期是合理的,但無法保證這些預期會被證明是正確的,因此不應過分依賴此類前瞻性信息。

Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties some of which are described herein. Such forward-looking information necessarily involves known and unknown risks and uncertainties, which may cause Quorum's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking information.

前瞻性信息不能保證未來的表現,涉及許多風險和不確定性,其中一些已在本文中進行了描述。此類前瞻性信息必然涉及已知和未知的風險和不確定性,這可能導致Quorum未來時期的實際業績和財務業績與此類前瞻性信息所表達或暗示的對未來業績或業績的任何預測存在重大差異。

Quorum has filed its Q3 2023 unaudited condensed interim consolidated financial statements and notes thereto as at and for the three and nine months ended September 30, 2023, and accompanying management and discussion and analysis in accordance with National Instrument 51-102 – Continuous Disclosure Obligations adopted by the Canadian securities regulatory authorities.

Quorum已根據國家儀器51-102提交了截至2023年9月30日的三個月和九個月的2023年第三季度未經審計的簡明中期合併財務報表及其附註,並提交了隨附的管理、討論和分析— 持續披露義務 被加拿大證券監管機構採納。

Quorum Information Technologies Inc. is traded on the Toronto Venture Exchange (TSX-V) under the symbol QIS. For additional information please go to .

Quorum Information Technologies Inc. 在多倫多風險交易所(TSX-V)上市,股票代碼爲QIS。欲了解更多信息,請前往 。

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed this release and neither accepts responsibility for the adequacy or accuracy of this release.

多倫多證券交易所風險交易所及其監管服務提供商(該術語在多倫多證券交易所風險交易所的政策中定義)均未審查本新聞稿,也均未對本新聞稿的充分性或準確性承擔責任。


1 Adjusted EBITDA – Net income (loss) before interest and financing costs, taxes, depreciation, amortization, stock-based compensation, foreign exchange gains and losses, one-time acquisition related expenses and restructuring expenses.
2 Adjusted Cash Income (non-GAAP) – Adjusted EBITDA less capitalized salaries and overhead.

1 調整後的息稅折舊攤銷前利潤——扣除利息和融資成本、稅收、折舊、攤銷、股票薪酬、外匯損益、一次性收購相關費用和重組費用前的淨收益(虧損)。
2 調整後現金收入(非公認會計准則)——調整後的息稅折舊攤銷前利潤減去資本化工資和管理費用。

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譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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